Sterling Capital Management LLC lessened its stake in Masonite International Corp (NYSE:DOOR) by 23.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,769 shares of the company’s stock after selling 9,490 shares during the period. Sterling Capital Management LLC owned 0.11% of Masonite International worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC acquired a new stake in shares of Masonite International during the third quarter worth about $53,419,000. California Public Employees Retirement System boosted its stake in shares of Masonite International by 83.5% during the third quarter. California Public Employees Retirement System now owns 5,873 shares of the company’s stock worth $406,000 after buying an additional 2,673 shares during the period. Bamco Inc. NY boosted its stake in shares of Masonite International by 3.5% during the third quarter. Bamco Inc. NY now owns 1,896,561 shares of the company’s stock worth $131,242,000 after buying an additional 64,611 shares during the period. Maple Rock Capital Partners Inc. boosted its stake in shares of Masonite International by 12.5% during the third quarter. Maple Rock Capital Partners Inc. now owns 450,000 shares of the company’s stock worth $31,140,000 after buying an additional 50,000 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Masonite International during the third quarter worth about $299,000.

In related news, insider Robert Edgar Lewis sold 1,400 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $70.52, for a total transaction of $98,728.00. Following the completion of the transaction, the insider now directly owns 22,518 shares of the company’s stock, valued at $1,587,969.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James A. Hair sold 1,600 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $72.34, for a total transaction of $115,744.00. Following the transaction, the insider now directly owns 4,172 shares of the company’s stock, valued at $301,802.48. The disclosure for this sale can be found here. Insiders have sold 4,015 shares of company stock valued at $288,263 over the last three months. 2.19% of the stock is currently owned by corporate insiders.

Masonite International Corp (DOOR) opened at $71.25 on Monday. The stock has a market cap of $2,028.56, a PE ratio of 22.13 and a beta of 1.33. Masonite International Corp has a 1-year low of $50.40 and a 1-year high of $85.30. The company has a current ratio of 3.12, a quick ratio of 2.05 and a debt-to-equity ratio of 0.93.

Masonite International (NYSE:DOOR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.08. The firm had revenue of $517.50 million during the quarter, compared to analysts’ expectations of $509.04 million. Masonite International had a net margin of 4.75% and a return on equity of 14.38%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. analysts predict that Masonite International Corp will post 3.48 EPS for the current fiscal year.

DOOR has been the subject of several recent research reports. B. Riley reiterated a “buy” rating on shares of Masonite International in a research note on Wednesday, November 1st. BidaskClub downgraded shares of Masonite International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 1st. Royal Bank of Canada reiterated a “buy” rating and set a $67.00 target price on shares of Masonite International in a research note on Monday, September 25th. Zacks Investment Research upgraded shares of Masonite International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Robert W. Baird reiterated a “buy” rating and set a $72.00 target price on shares of Masonite International in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $76.73.

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Masonite International Company Profile

Masonite International Corporation is designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling, and the non-residential building construction markets. The Company principally operates in North America; Europe, Asia and Latin America, and Africa.

Institutional Ownership by Quarter for Masonite International (NYSE:DOOR)

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